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Company Update (NYSE:PPG): PPG Completes COLORFUL COMMUNITIES Project in Shanghai

[Business Wire] – SHANGHAI–(BUSINESSWIRE)– As part of its global community engagement efforts, PPG ( NYSE:PPG – News) has announced the completion of a COLORFUL COMMUNITIES™ project in Shanghai that helped to revitalize the fence and campus facilities of Yuyuan Road No.1 Primary School. The Colorful Communities program provides PPG volunteers and products along with financial contributions to bring color and vitality to communities where our company operates around the world. The program increases PPG’s commitment to invest in communities by adding $10 million to support efforts made during a 10-year period. Read more on this. PPG Industries, Inc. (PPG) , with a current value of $29.61B, began trading this morning at $109.28. Today’s price range has been between $108.73 and $109.73 per share with a trailing 52-week range being $82.93 to $118.69. Priced at 17.17x this year’s forecasted earnings, PPG shares are relatively inexpensive compared to the industry’s 30.21x forward p/e ratio. And for income investors, the company pays shareholders $1.60 per share annually in dividends, yielding 1.48%. According to a consensus of 19 analysts, the earnings estimate of $1.86 per share would be $0.19 better than the year-ago quarter and a $0.01 sequential increase. The full-year EPS estimate is $6.30, which would be a $0.61 better than last year. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $4.17 Billion. If realized, that would be a 1.71% increase over the year-ago quarter. Recently, Seaport Global Securities Initiated PPG at Accumulate (Jan 5, 2016). Previously, UBS upgraded PPG from Neutral to Buy. Investors should keep in mind is that the average price target is $124.00, which is 13.47% above where the stock opened this morning. See more in (NYSE:PPG) Similar Articles: Market Update (NYSE:PPG): PPG Marks Completion of $10 Million Coatings Center of Excellence in Tianjin, China Company Update (NYSE:PPG): PPG Directors Announce Quarterly Dividend of 36 Cents Per Share Company Update: PPG Industries Inc (NYSE:PPG) – PPG to increase precipitated silica production capacity in North America
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